12:15 PM: The BSE Sensex appeared to be trading at 50,137.58, dropping 752 points. The Sensex saw a fall of 1.48 percent today. Whereas, the Nifty also appeared to trade at 14,815.15 level by dropping 166 points. There is also a decline of 1.11 percent in this.
Mixed business is also seen on sectoral front. Today, shares of banking, auto, capital goods and consumer durables are falling. At the same time, shopping is being seen in FMCG, Realty, Pharma, Entertainment, IE, Metal, Oil & Gas, PSUs and Tech sectors.
Stocks of Hindalco, ONGC, JSW Steel, Tech Mahindra, BPCL, Reliance Industries are seeing a boom in the opening trade on Monday. Among them, there is an increase from 0.74 percent to 2.29 percent. Whereas, ITC, Eicher Motors, Larsen & Toubro, HDFC and Mahindra & Mahindra’s stock are trading on the red mark.
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Continuing the buying phase, foreign institutional investors have invested Rs 24,965 crore so far in February. According to depository data, in February, FPI has invested Rs 24,204 crore in equity, Rs 761 crore in debt segment.
On February 19, foreign institutional investors bought shares worth Rs 118.75 crore. Whereas, domestic institutional investors have sold shares worth Rs 1,174.98 crore. This information has been obtained from the provisional data available on the National Stock Exchange.
Bitcoin reached new record level
Bitcoin has also seen a boom on Sunday, after which once again it has reached a new record level. For the last two months, bitcoin has been witnessing a tremendous boom. The market cap of bitcoin has now crossed 1 trillion dollars. The world’s most popular cryptocurrency has risen by 20 percent in the past week. After which it has reached $ 58,354. Bitcoin has gained nearly 100 percent so far this year.
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Asian markets boom
Talking about Asian markets, it is getting faster on Monday. The sentiments of investors are looking better due to better estimates of economic growth. Nikkei was seen trading at 30,094 with a gain of 76 points. Whereas, Straight Times, Hang Seng, Taiwan index are also seeing a boom. However, Cospi and Shanghai Composite are seeing a decline.
State of american markets
US markets saw a flat level last Friday. Investors have sold technology shares. On Friday, the Dow Jones Industrial Average closed at 31,494 with a gain of 0.98 points. However, the Nasdaq Composite saw a gain of only 9.11 points, or 0.07 percent. Whereas, the S&P 500 index has fallen by 7.26 points, or 0.19 per cent, to close at 3,906.71.